Financial adviser group Tenet has added Reliance Bank to its intermediary mortgage panel.

Reliance Bank, was founded by the Salvation Army, and its product range includes first-time buyer, shared ownership and key worker mortgages.

The lender says the move will “help advisers provide a solution for their clients that are looking for a mortgage lender with a social conscience”.

The lender was formed in 1890 as the Salvation Army Deposit Bank, and still donates up to 75 per cent of its profits to The Salvation Army International to support its evangelical and charitable work.

Tenet director of strategic development Ben Wright says: “We’re continually striving to provide our advisers with access to the best products and services available in the market and we believe that Reliance Bank’s products, expertise and socially responsible approach make them a fantastic addition to the panel.”

Reliance Bank head of mortgages Gareth Byrne adds: “We see this as another important step in the Bank’s journey to help mortgage advisers find our products and services and be able to provide their clients with a solution to their needs and requirements. More and more people are looking to borrow money in a socially responsible way.”

In March, Reliance Bank joined the TMA Club lender’s panel.